Seagate Technology plc (NASDAQ: STX), a worldwide leader in storage
solutions, and Virident Systems Inc., the performance leader in
flash-based storage-class memory (SCM) solutions, today announced a
strategic agreement to jointly deliver solutions for the growing
enterprise flash storage market. Under the agreement, Seagate will
immediately offer a complete line of flash-based PCIe solutions to its
OEM and distribution partners. In addition, Seagate and Virident intend
to leverage their mutual strengths to create next-generation hardware
and software solutions for the solid-state storage market. In
conjunction with the agreement, Seagate has made a strategic equity
investment in Virident, and will appoint one member to the Virident
Board of Directors.

“Seagate is thrilled to team with Virident, a technology leader in one
of the fastest growing markets in enterprise and cloud computing,” said
Gary Gentry, senior vice president and general manager, Solid State
Drives at Seagate. “Together, we are working to develop the
next-generation hardware and software solutions in the PCIe space. Our
solid-state strategy is founded on both in-house development and through
strategic partnerships with innovative companies to deliver the broadest
portfolio in the industry. We believe that this strategic agreement
immediately strengthens our leading position in the enterprise storage
market by adding a broad line of Seagate flash-based PCIe solutions
powered by Virident to our portfolio. We look forward to a long,
productive partnership with Virident.”

“We are extremely pleased to have Seagate as a strategic partner and
investor,” said Mike Gustafson, Chief Executive Officer of Virident.
“This partnership validates Virident’s vision of pervasive flash in the
performance tier and accelerates our shared vision by bringing
next-generation SCM solutions to the enterprise and web datacenters
worldwide. The agreement also expands Virident’s routes to market today
by making our best-in-class PCIe flash products available to Seagate’s
world-class channels.”

About Seagate

CIO, CTO & Developer Resources

Seagate is a world leader in hard disk drives, solid-state hybrid disk
drives and storage solutions. Learn more at www.Seagate.com.

About Virident Systems

Virident Systems is a leading provider of enterprise-class Storage Class
Memory (SCM) solutions that deliver unconditional, consistent
performance to data-intensive applications. The inherent advantage
associated with this disruptive technology revolutionizes computing by
speeding application response time and optimizing datacenter efficiency
for new levels of ROI. Virident Systems is backed by strategic
investors, Intel®, Cisco® Systems and a storage solution provider, as
well as Hercules Technology Growth Capital and venture investors
Globespan Capital Partners, Sequoia Capital, Mitsui Global Investments
and Artiman Ventures. For more information, visit www.virident.com.

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